Chipotle NNN Property For Sale — Lake Stevens, WA
2812 90th Ave NE, Lake Stevens, WA 98258
This offering presents an opportunity to acquire a newly constructed, build-to-suit Chipotle Mexican Grill. The property benefits from a 15-year NNN lease and is strategically located within Lake Stevens Landing, a new 10-acre retail center. Lake Stevens is experiencing rapid growth, with strong demographics and high-traffic retail corridors. The location is further enhanced by the unique "Chipotlane" drive-thru concept, and its proximity to major retailers and developments. This is an excellent investment in a thriving market with strong long-term growth potential.
- Address: 2812 90th Ave NE, Lake Stevens, WA 98258
- Asking price $3.65M
- 4.50% cap rate
- NOI $164,241
- 11.3 years remaining
- NNN lease
- Year built: 2022
- Building size: 2,350 SF
- Lot size: 0.63 acres
- Lease expiration: Dec 31, 2037
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Chipotle property is at 2812 90th Ave NE in Lake Stevens, Washington.
Asset type: QSR